Indice Nifty 50Long
Nifty50 : 24 August Levels and Trade Plan | Bulls seem strong
Hello traders,
Post market analysis for 23 August:
today was a good day for Bulls in the market. After testing 380 support zone for the third day in a row, and good accumulation at that level, market was able to claim 19450 and touched 19472.
If we look at Daily chart, we can see three consecutive HH & HL.
Amidst traders anticipating a Bearish move, market is actually moving up!
Trade plan for 24 August:
Case1: In case market crosses or open above 482, it will be a no brainer to keep a long position.
targets TP1: 19558 and TP2:19622 SL: 5 min close below 460.
Case2: Market opens in the last session's range. Will remain cash.
I will keep Bullish stance on Nifty50 as long as we are above 380-360 zone, both; intraday and swing.
Thanks for reading, Have a great day!
Give this post a like, if you agree with this analysis.
Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
Post market analysis for 23 August:
today was a good day for Bulls in the market. After testing 380 support zone for the third day in a row, and good accumulation at that level, market was able to claim 19450 and touched 19472.
If we look at Daily chart, we can see three consecutive HH & HL.
Amidst traders anticipating a Bearish move, market is actually moving up!
Trade plan for 24 August:
Case1: In case market crosses or open above 482, it will be a no brainer to keep a long position.
targets TP1: 19558 and TP2:19622 SL: 5 min close below 460.
Case2: Market opens in the last session's range. Will remain cash.
I will keep Bullish stance on Nifty50 as long as we are above 380-360 zone, both; intraday and swing.
Thanks for reading, Have a great day!
Give this post a like, if you agree with this analysis.
Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
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